Asquith Bowlingand Recreation Club
42nd Annual Report 2014
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ATTENTION MEMBERSOne of the basic rules of all clubs is that a current membership card must be shown to obtain entry. The door persons are only carrying out their duty when they ask you to show your card. There is nothing to be incensed about when you are asked to show it. The requirement of law demands it and common courtesy dictates that any request in this direction should be complied with graciously.
The law also requires that people who live within a 5km radius of the club and who are not financial members of the club must be accompanied by a member when entering and must not remain on the premises if that member leaves.
The club has a strict code of conduct and dress regulations are enforced.
Bad language is not tolerated in the club.
We appreciate your co-operation in complying with these guidelines.
PERSONNEL
Secretary Manager David George
Administration Manager Samantha Mezgec
Administration Nikole Heasman Kathy Neal
Duty Manager John Altass Wayne Hepburn
Supervisors Margret Murray Haley Johnston Debra Johns
Bowls & Promotions Tony Macri
Club Staff Peter Pasparne Julie Campbell Ellen Wilson Renee McArdle Martin Userovskis Nicola Forbes- Smith Nathan Moran Andrew Bottomley Jonathon Muncey
Maintenance Barry Dilworth
Cleaners Greg Cronan George Tripoussis
Greens Ross Irwin (E & I Greens)
Caterers “Wattle It Be Catering”
ASQUITH BOWLING AND RECREATION CLUB
1 Lodge Street, Hornsby NSW 2077 P 02 9477 1364 | F 02 9476 3764 | E [email protected]
www.asquithbowlingclub.com.au
ATTENTION MEMBERSOne of the basic rules of all clubs is that a current membership card must be shown to obtain entry. The door persons are only carrying out their duty when they ask you to show your card. There is nothing to be incensed about when you are asked to show it. The requirement of law demands it and common courtesy dictates that any request in this direction should be complied with graciously.
The law also requires that people who live within a 5km radius of the club and who are not financial members of the club must be accompanied by a member when entering and must not remain on the premises if that member leaves.
The club has a strict code of conduct and dress regulations are enforced.
Bad language is not tolerated in the club.
We appreciate your co-operation in complying with these guidelines.
PERSONNEL
Secretary Manager D. GeorgeAdmin Manager Samantha MezgecDuty Managers John AtlassClub Staff Margaret Murray Hayley Johnson Peter Pasparne Debra Jones Julie Campbell Nicole Heasman Julie Polson Martin Userovskis Jason Meares Lyle AllamMaintenance Barry DilworthBus Drivers Maurice ColeCleaners Greg Cronan George TripoussisGreens Contractor Ross Irwin (E & I Greens)Caterers Ronny & Gloria So
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42ND ANNUAL REPORT | For the year ended 30th June 2014 1
ASQUITH BOWLING & RECREATION CLUB LIMITED
ABN 81 001 039 747
A company limited by guarantee and incorporated in the State of New South Wales
18th August 1972
Club Patrons
W. O’Donnell
A. Manuelle
Office Bearers 2013 - 2014
Chairman D. Haynes
Senior Deputy Chairman M. Herbert
Deputy Chairman A. Ashpole
Treasurer R. Pilgrim
Director R. Jacka
Director G. Loomes
Director T. McArthur
Secretary Manager D. George
Auditor McEwan & Partners
ASQUITH BOWLING AND RECREATION CLUB
1 Lodge Street, Hornsby NSW 2077 P 02 9477 1364 | F 02 9476 3764 | E [email protected]
www.asquithbowlingclub.com.au
ATTENTION MEMBERSOne of the basic rules of all clubs is that a current membership card must be shown to obtain entry. The door persons are only carrying out their duty when they ask you to show your card. There is nothing to be incensed about when you are asked to show it. The requirement of law demands it and common courtesy dictates that any request in this direction should be complied with graciously.
The law also requires that people who live within a 5km radius of the club and who are not financial members of the club must be accompanied by a member when entering and must not remain on the premises if that member leaves.
The club has a strict code of conduct and dress regulations are enforced.
Bad language is not tolerated in the club.
We appreciate your co-operation in complying with these guidelines.
PERSONNEL
Secretary Manager D. GeorgeAdmin Manager Samantha MezgecDuty Managers John AtlassClub Staff Margaret Murray Hayley Johnson Peter Pasparne Debra Jones Julie Campbell Nicole Heasman Julie Polson Martin Userovskis Jason Meares Lyle AllamMaintenance Barry DilworthBus Drivers Maurice ColeCleaners Greg Cronan George TripoussisGreens Contractor Ross Irwin (E & I Greens)Caterers Ronny & Gloria So
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ASQUITH BOWLING & RECREATION CLUB LTD | ABN 81 001 039 7472
NOTICE OF ANNUAL GENERAL MEETING
Notice is hereby given that the Forty Second Annual General Meeting of the Members of Asquith
Bowling & Recreation Club Limited will be held in the Club Auditorium, 1 Lodge Street Hornsby,
on Sunday, 19th October 2014 at 9.30am.
BUSINESS
To receive and confirm the Minutes of the Forty First Annual General Meeting held on Sunday 20th October 2013.
To receive and adopt the Balance Sheet, Profit and Loss Account, and the Report of the Auditor and the Director’s Report for the period ended 30th June 2014.
To transact any business that may be brought forward in accordance with the Club’s Constitution.
David George Secretary Manager For and On Behalf of the Board of Directors Asquith Bowling & Recreation Club Dated 5th September 2014
ANNUAL REPORT
Annual Reports are available from 1st October 2014.
Reports will be available upon request to the Secretary Manager or to Club reception.
Annual Reports will be available to collect in person, or alternatively they will be mailed to your nominated address.
The Annual Report is also available from our web site at: www.asquithbowlingclub.com.au
WHO CAN ATTEND THE AGM?
All financial members (bowling and social) of Asquith Bowling & Recreation Club are entitled to attend the AGM on Sunday 19th October 2014 at 9.30am.
Financial social members may not vote on certain matters at the AGM as outlined in Clause 22(d) (i) and (ii) of the Club’s Constitution.
Financial social members are entitled to address the AGM.
ELECTION OF THE BOARD OF DIRECTORS
No election required this year (mid-term).
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42ND ANNUAL REPORT | For the year ended 30th June 2014 3
MINUTES OF THE FORTY FIRST GENERAL MEETING ASQUITH BOWLING & RECREATION CLUB LTD
HELD ON SUNDAY 20TH OCTOBER 2013 AT THE CLUB HOUSE, 1 LODGE STREET, HORNSBY.
Meeting Opened: 9.35am
Members Present: 8 Life Members, 57 Ordinary Members
Apologies: 7 Apologies
Chairman: David Haynes
Welcome: All members were welcomed and thanked for their attendance.
Introduced Guests: Chairman introduced Ben McEwan (auditor) and Bruce Gotterson (solicitor)
Business of the Meeting:
1. To receive the Minutes of 40th Annual General Meeting held on Sunday 14th October 2012. Moved: D. Taylor (217) Seconded: P. Blackett (283) CARRIED Matters Arising from the Minutes: None.
2. To adopt the Minutes of 40th Annual General Meeting held on Sunday 14th October 2012. Moved: B. Kiely (210) Seconded: J. Goudie (251) CARRIED
3. To receive and adopt the Director’s Report for the period ended 30th June 2013. Moved: R. Jacka(177) Seconded: W. Hamilton (257)
4. To Receive the Declaration by the Returning Officer of the official results of the election for the Board of Directors. The Secretary Manager announced the Board:
Chairman D Haynes Senior Deputy Chairman B Herbert Deputy Chairman T Ashpole Treasurer R. Pilgrim Director T. McArthur Director G. Loomes Director R. Jacka. CARRIED
5. The auditor, Ben McEwan addressed the meeting with specific regard to the financial result for the period ending 30 June 2013.Ben commented on the rising revenue of the Club of $92,000 which was a good result. However costs increased by $220,000. The rise in cost was due to unforseen repairs and maintenance expenses of $142,000 and one off capital out lays which into the future are designed by the Board to increase revenue. Wages to sales ratio was excellent and this was due to hard work by staff and management. Poker Machine trading was up by $62,000 and said this was due to the Board and managements development and work in improving this department. The Board needed to be proactive and continually develop this area. The remaining trading departments showed little change.
The Balance Sheet was in excellent condition and the debt ratio is 3.05 to 1 which showed that the liquidity of the club is in good condition and there was a good positive cash flow.
The Clubs loss for the year was $5,235. Ben also congratulated the Board, Management and staff on their professionalism and dedication.
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ASQUITH BOWLING & RECREATION CLUB LTD | ABN 81 001 039 7474
6. To receive and adopt the Balance Sheet, Profit and Loss Account, and the Report of the Auditor for the period ended 30th June 2012. Moved: R. Jacka (177) Seconded: G. Loomes (308) CARRIED
7. Chairman’s Report Chairman addressed the meeting explaining that the catering contract had been put to tender and was awarded to “Wattle It Be Catering” for a period of 3 years with this the upgrading of the kitchen.
David Haynes commented on the eBet Card It system installed on the poker machines which would increase revenue.
Other capital wok for the year was the upgrade of C Green, BBQ area, new greens seating and the installation of Voltage Power Optimisation Unit.
The Chairman went on to say that the Board was looking into the refurbishment of the Club house and would keep the members informed of the progress.
8. Special Resolution David Haynes introduce Bruce Gotterson (Piggott Stinson Lawyers)to present a Special Resolution to update the Clubs Constitution due to minor changes in the Laws and wording.
Richard Turner pointed out to the meeting a problem clause 103A where it stated that the financial year ended in December not June. It was moved by Richard Turner (462) that this clause to be amended and seconded by D. Taylor (217). CARRIED
A motion was moved to pass the Special Resolution for changes to the Constitution Moved: D. Beecroft (30) Seconded: G. Loomes (308) CARRIED
9. Resignation and Appointment of Auditor Moved that McEwan and Partners be appointed Auditors of the Asquith Bowling & Recreation Club replacing I.E. McEwan. Moved: D. Taylor (217) Seconded: R. Davidson (250) CARRIED
10. General Business None
11. Presentation to Don Wall Bill O’Donnell, M.Bligh and Alf Manuelle addressed the meeting commenting on Don Walls long service and contribution to the Asquith Bowling & Recreation Club and that he would be sadly missed.
Don Wall responded giving a brief history and direction of the Club. David Haynes then presented Don a gift on behalf of the Club.
David Haynes thanked B. Gotterson and B. McEwan again for their attendance.
Meeting Closed: 10.37am
MEMBERSHIP AS AT 30TH JUNE 2014
2014 2013 2012 2011 2009 2008Life & Bowling 367 375 428 430 446 460Social 3,086 2,698 2,732 2,627 3,021 2,872Junior Bowling 11 27 28 25 30 32
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42ND ANNUAL REPORT | For the year ended 30th June 2014 5
LIFE MEMBERS
B.R.Bensley* E.Hayes* E.P.Neylon* A.H.Boyle* R.L.Paddison* L.A.Connors* L.R.Jones* D.C.Paterson C.K.Cook* G.N.Newton* M.Richards [Mrs]* J.T.Davies* W.E.Wall* S.W.Simpson* W.G.Dudley* W.S.King* M.Smith [Mrs]* H.F.Fahey* I.Strokes [Mrs]* I.S.Martin* E.French* K.L.Moore* J.Glachan* J.Thurley [Mrs]* R.J.Stephens* R.Simpson [Mrs]* F.Newton [Mrs]* V.Richardson* J.P.Naylor H.T.Taylor* C.W.Eslick R.C.King A.C.Manuelle A.G.Cowley* G.Kidney [Mrs] C.R.Holloway W.J.O’Donnell J.Moxon [Mrs]* W.B.Rodgers M.R.Herbert D.Wall A.Ashpole M.Blyth E.Black N.Oliver M.Manuelle [Mrs] J.Bennets
CHAIRMAN’S REPORT 2014
Fellow Club Members it is my pleasure to present on behalf of the Board of Directors the 42nd Annual Report.
Our Club made a pleasing profit for the past financial year of $86,401.00.
As reported last year the Board had requested tenders to modernize the interior of the Club, this has taken place and changes should be completed by the end of November, the cost will be around $550,000.
On behalf of the Board, thank you to Mr. Ben McEwan of McEwan & Partners for his financial advice during the early stages of our decision regarding the upgrading of the Club premises.
The Board has continued to support local Sporting Clubs, Schools etc. and of course our own Bowlers.
Local Clubs $20,555.00 Bowling Club support $37,119.00 Club cash $28,730.00 Birthday vouchers $31,386.00 Member badge draw $18,336.00 Foyer Members vouchers $6,826.00 Crazy cash $20,146.00
Thank you to Ross lrwin and his staff, our greens and surrounds are a credit to you all.
To our caterers Melanie & Stuart Cosgrove, thank you "Wattle it be Catering" for your support and cooperation during the past year.
Our Bowling achievements, both the Women and Men performed well obtaining Zone Flags Grade 1 and 5 reaching the State Playoffs congratulations to all.
To our CEO David George thank you for your continued dedication to myself and Directors of our Club.
We owe a vote of thanks to the many volunteers who continually give of their time to the running of all Bowls events, Raffles, Bingo and other social events.
Thank you to our staff that carry out their duties efficiently and willingly assist Members requiring any help.
To the Board of Directors thank you, major changes have been made during the year due to your decisions; it has been a pleasure working with you.
To all Bowlers continue to enjoy the game of Bowls.
David Haynes Chairman
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ASQUITH BOWLING & RECREATION CLUB LTD | ABN 81 001 039 7476
SECRETARY MANAGER’S REPORT 2014
I have pleasure in presenting my third report to the members of Asquith Bowling & Recreation Club. Thanks to all the members that support the Asquith Bowling & Recreation Club through the patronage of the many and various activities and facilities it provides.
The Asquith Bowling & Recreation Club has shown a profit of $86,401. This is an increase in profit of $91,636 on last year.
This is pleasing as the Clubs revenue increased by $159,845 where a lot of other Clubs revenue is in decline. The Clubs total equity has also increased by $86,400. The Board has also reduced the Clubs loan by $55,000.
Another pleasing result this year was the increase in membership of 365 to 3,465. This level was last achieved in 2009.
The Board this year has decided to renovate the Club. It has been a lengthy process with design concepts, analysing projected cash flows and finally awarding 2RKS Architects with the contract. As you are all aware of the redevelopment happening around Asquith, this will give the Club a vibrant new look hopefully attracting new membership to support it into the future.
This project is well within the Club’s financial capability.
The major capital expenses incurred over the past year were the upgrade of the kitchen where most of the existing appliances and refrigeration had to be replaced. Also new crockery and cutlery has been purchased. To bring the kitchen up to a reasonable working condition cost just under $60,000.
With this I would like to thank Stuart and Melanie Cosgrove of “Wattle It Be Catering” for the transition into the caterer’s role and their professionalism in conducting the business.
There was also the installation of a new bar. This include new bar service area, new beer fonts on both sides, new beer lines and the addition of 3 more beer varieties. This cost $45,000.
Congratulations to all the bowlers this year on their success especially the Men’s Grade 5 and Ladies Grade 1 pennants side for winning their zones.
The Board also sponsored local sporting clubs and Hornsby Hospital and other charities for $22,410. Gift vouchers were also donated to most of the local schools to assist them in their fund raising efforts.
Wayne Hepburn has been appointed Duty Manager. Wayne comes with a wealth of experience in the Club industry. He replaces the long serving John Altas who resigned to move to Queensland.
I wish to thank the Chairman, David Haynes, and the Board of Directors for their full support over the past year. To the staff, for their hard work and professionalism, as the Club would not function in its present manner without them.
Last in remembrance of Denis Paterson who will sadly missed through his work and presence in the Club as a Director and Treasurer, and much respected member of the Club.
David George SECRETARY MANAGER
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42ND ANNUAL REPORT | For the year ended 30th June 2014 7
FINANCIAL REPORT 30 JUNE 2014 ASQUITH BOWLING & RECREATION CLUB LIMITED
Directors’ Report ................................................................................................... 8Club Property Declarations ..................................................................................... 9Income Statement................................................................................................ 10Balance Sheet ..................................................................................................... 11Cash Flow Statement ........................................................................................... 12Statement of Changes in Equity ........................................................................... 12Notes to the Financial Statements ........................................................................ 13Directors’ Declaration ........................................................................................... 25Independent Audit Report to the Members ........................................................... 26Auditor’s Independence Declaration ..................................................................... 27Disclaimer of Opinion on Additional Financial Data ................................................ 27Operating Statement ............................................................................................ 28Bar Trading Statement ......................................................................................... 29Poker Machine Trading Statement ........................................................................ 30TAB Trading Statement ........................................................................................ 30Greens Trading Statement .................................................................................... 31Keno Trading Statement ....................................................................................... 32Social Trading Statement ..................................................................................... 32Men’s Bowling Club ............................................................................................. 33Women’s Bowling Club ........................................................................................ 34Schedule of Expenses .......................................................................................... 35
Bar Turnover Poker Machine Greens Fees Net Profit
$ Net $ $ $
2000 622,710 729,305 47,735 62,730
2001 600,330 858,550 43,030 277,810
2002 658,720 850,875 41,645 191,580
2003 811,620 1,224,595 47,150 290,490
2004 829,540 1,321,760 45,315 108,410
2005 865,160 1,477,635 50,580 344,310
2006 953,106 1,591,239 53,215 335,655
2007 1,050,774 1,748,441 59,711 403,394
2008 1,076,987 1,328,052 56,215 287,401
2009 1,127,205 1,167,561 58,958 155,149
2010 1,137,947 1,066,734 81,092 128,760
2011 1,097,637 1,117,668 88,114 78,002
2012 1,092,487 1,079,946 80,673 122,828
2013 1,090,577 1,141,791 86,679 (5,235)
2014 1,219,149 1,166,256 75,952 86,401
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ASQUITH BOWLING & RECREATION CLUB LTD | ABN 81 001 039 7478
DIRECTORS’ REPORT Your directors present their report on Asquith Bowling & Recreation Club Limited for the year ended 30 June 2014.
Directors The following persons were directors of Asquith Bowling & Recreation Club Limited during the financial year and up to the date of this report:
D Haynes M Herbert T Ashpole R Pilgrim (appointed on 20 October 2013) R Jacka (appointed on 20 October 2013) G Loomes T McArthur B Tunbridge (ceased on 20 October 2013) D Paterson (ceased on 20 October 2013)
Directors have been in office since the start of the financial year to the date of this report unless otherwise stated.
Principal activities The Company’s principal continuing activities during the year consisted of operating as a registered club, promoting the game of lawn bowls and providing amenities to members and their guests.
The entity’s short-term objectives are to:
• Exceedmembersandguestsneedsandexpectationsontheprovisionoffacilities,products and services.
• Supportasafeandfriendlyenvironmentforstaffandcustomersthatencouragestheprinciples of the Responsible Service of Alcohol and the Responsible Conduct of Gaming.
The entity’s long-term objectives are to:
• Providethecommunityacontinuallevelofhighqualityservicesandfacilitiesinasafeand friendly environment.
• Generateprofitsthatwillbereinvestedintoimprovedservicesandfacilitiesformembersand community support.
To achieve these objectives, the entity has adopted the following strategies:
• Theboardofdirectors,managementandstafftogetherarecommittedtoachievingthebest practice principles which are measurable by the continual support of community partnerships whilst exceeding financial benchmarks.
• Mmeetingandsurpassingourstrategicgoalsisachievedthroughconstantreviewand evaluation of business practices using the opinions of members m their guests, staff and professional alliances.
No significant changes in the nature of the Company’s activities occurred during the year.
Results 2014 2013 $ $ Net Profit/ (loss) 86,401 (5,235)
Information on Directors
Director Time on board Special Responsibilities Experience D Haynes Director for 10 years Chairman Retired Company Director M Herbert Director for 20 years Senior Deputy Chairman Retired Building Supervisor T Ashpole Director for 17 years Deputy Chairman Retired Company Director R Pilgrim Director for 1 year Treasurer Company Director R Jacka Director for 1 year Director Retired G Loomes Director for 2 years Director Semi-Retired Public Servant T McArthur Director for 3 years Director Self Employed Businessman
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42ND ANNUAL REPORT | For the year ended 30th June 2014 9
Likely developments and expected results of operations The club plans to renovate the clubhouse during the next year to the value of approximately $450,000.
Company Secretary David George held the position of company secretary at the end of the financial year. He was appointed company secretary on 28 July 2011.
Meetings of Directors The number of meetings of the Company’s directors held during the year ended 30 June 2014, and the number of meetings attended by each director were:
Normal Meetings Special Meetings Number of meetings held 12 3 Number of meetings attended by: D Haynes 11/12 3/3 M Herbert 12/12 3/3 T Ashpole 12/12 3/3 R Pilgrim 10/10 3/3 R Jacka 10/10 3/3 G Loomes 12/12 2/3 T McArthur 9/12 3/3 B Tunbridge 1/2 - D Paterson 2/2 -
Members’ Guarantee The entity is incorporated under the Corporations Act 2001 and is an entity limited by guarantee. If the entity is wound up, the constitution states that each member is required to contribute a maximum of $10 each towards meeting any outstanding obligations of the entity. At 30 June 2014, the total amount that members of the company are liable to contribute if the company is wound up is $34,650 (2013: $31,250).
Auditor’s Independence Declaration The lead auditor’s independence declaration for the year ended 30 June 2014 has been received and included on page 20.
This report is made in accordance with a resolution of the Board of Directors.
D Haynes M Herbert DIRECTOR DIRECTOR
Asquith 22 August 2014
Club Property Declarations Pursuant to Section 41J(2) of the Registered Clubs Act the Directors declare that, for the financial year ended 30 June 2014, the classifications of the property held are as follows.
Property Address Current Usage Classification
1 Lodge Street, Hornsby NSW 2077 Clubhouse, Car park, Core Property Sporting Facilities 301 Pacific Highway, Asquith NSW 2077 Investment property Non-core Property
Notes to Members 1. Section 41J(2) of the Registered Clubs Act requires the annual report to specify the core property and non-core property of the Club as at the end of the financial year to which the report relates.
2. Core property is any real property owned or occupied by the Club that comprises:
a) The defined premises of the Club; or
b) Any facility provided by the Club for use of its members and their guests; or
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ASQUITH BOWLING & RECREATION CLUB LTD | ABN 81 001 039 74710
c) Any other property declared by a resolution passed by a majority of the members present at a general meeting of ordinary members of the Club to be core property of the Club.
3. Non-core property is any other property other than that referred to above as core property and any property which is declared by the members at a general meeting of ordinary members of the Club not to be core property.
4. The significance of the distinction between core property and non-core property is that the Club cannot dispose of any core property unless:
a) The property has been valued by a registered valuer within the meeting of the Valuers Act 2003; and
b) The disposal has been approved at a general meeting of the ordinary members of the Club at which the majority of the votes cast support the approval; and
c) Any sale is by way of public auction or open tender conducted by an independent real estate agent or auctioneer.
5. These disposal provisions and what constitutes a disposal for the purposes of section 41J are to some extent modified by regulations made under the Registered Clubs Act and by Section 41J itself. For example, the requirements in paragraph 4 above do not apply to;
•Corepropertythatisbeingleasedorlicensedforaperiodnotexceeding10yearsonterms that have been the subject of a valuation by a registered valuer;
•Corepropertythatisleasedorlicensedtoatelecommunicationsproviderforthepurposesof a telecommunication tower.
INCOME STATEMENT for the year ended 30 June 2014
2014 2013
Notes $ $
Revenue from continuing operations 2 2,896,608 2,736,763
Expenses from continuing operations
Borrowing costs 37,809 43,309
Cost of goods sold 523,798 477,889
Depreciation and amortisation expenses 3 196,618 188,751
Employee benefits expense 723,264 666,095
Other expenses from continuing operations 1,328,718 1,365,954
2,810,207 2,741,998
Profit/(loss) before income tax 3 86,401 (5,235)
Income tax expense - -
Profit/(loss) from continuing operations 86,401 (5,235)
Total changes in equity 86,401 (5,235)
The above income statement should be read in conjunction with the accompanying notes.
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42ND ANNUAL REPORT | For the year ended 30th June 2014 11
BALANCE SHEET as at 30 June 2014
2014 2013
Notes $ $
Current assets
Cash and cash equivalents 4,18 506,543 391,469
Receivables 5,18 295 1,360
Inventories 6 46,915 41,003
Other 7 47,117 42,930
Total current assets 600,870 476,762
Non-current assets
Property, plant and equipment 8 3,866,208 3,978,053
Intangible assets 9 197,976 197,976
Total non-current assets 4,064,184 4,176,029
Total assets 4,665,054 4,652,791
Current liabilities
Payables 10,18 39,464 64,431
Provisions 11 94,315 60,060
Other 12 15,116 31,574
Total current liabilities 148,895 156,065
Non-current liabilities
Interest bearing liabilities 13,18 530,000 585,000
Provisions 14 11,475 34,243
Other 15 21,142 10,342
Total non-current liabilities 562,617 629,585
Total liabilities 711,512 785,650
Net assets 3,953,542 3,867,141
Equity
Retained profits 16 3,953,542 3,867,141
Total equity 3,953,542 3,867,141
The above balance sheet should be read in conjunction with the accompanying notes.
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ASQUITH BOWLING & RECREATION CLUB LTD | ABN 81 001 039 74712
CASH FLOW STATEMENT for the year ended 30 June 2014
2014 2013
Notes $ $
Cash flows from operating activities
Receipts from customers (inclusive of goods and services tax) 3,180,864 3,005,729
Payments to suppliers and employees (inclusive of goods and services tax) (2,890,819) (2,740,616)
290,045 265,113
Borrowing costs (37,809) (43,309)
Interest received 7,340 9,881
Net cash inflow from operating activities 20 259,576 231,685
Cash flows from investing activities
Payments for property, plant and equipment (89,502) (410,117)
Net cash (outflow) from investing activities (89,502) (410,117)
Cash flows from financing activities
Repayment of borrowings (55,000) -
Net cash (outflow) from financing activities (55,000) -
Net increase (decrease) in cash held 115,074 (178,432)
Cash at the beginning of the financial year 391,469 569,901
Cash at the end of the financial year 4 506,543 391,469
Financing arrangements and commitments for the year 13,17
The above cash flow statement should be read in conjunction with the accompanying notes.
STATEMENT OF CHANGES IN EQUITY for the year ended 30 June 2013
2014 2013
Notes $ $
Total equity at the beginning of the financial year 3,867,141 3,872,376
Total recognised income and expense for the year 16 86,401 (5,235)
Total equity at the end of the financial year 3,953,542 3,867,141
The above statement of changes in equity should be read in conjunction with the accompanying notes.
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42ND ANNUAL REPORT | For the year ended 30th June 2014 13
Notes to the Financial Statements 30 June 2014
NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The financial statements are for Asquith Bowling & Recreation Club Limited as an individual entity, incorporated and domiciled in Australia. Asquith Bowling & Recreation Club Limited is a company limited by guarantee.
Basis of Preparation
Asquith Bowling & Recreation Club Limited has elected to early adopt the pronouncements AASB 1053: Application of Tiers of Australian Accounting Standards and AASB 2010–2: Amendments to Australian Accounting Standards arising from Reduced Disclosure Requirements to the annual reporting period beginning 1 July 2010.
The financial statements are general purpose financial statements that have been prepared in accordance with Australian Accounting Standards – Reduced Disclosure Requirements of the Australian Accounting Standards Board and the Corporations Act 2001.
Australian Accounting Standards set out accounting policies that the AASB has concluded would result in financial statements containing relevant and reliable information about transactions, events and conditions. Material accounting policies adopted in the preparation of these financial statements are presented below and have been consistently applied unless otherwise stated.
The financial statements have been prepared on an accruals basis and are based on historical costs, modified, where applicable, by the measurement at fair value of selected non-current assets, financial assets and financial liabilities. The amounts presented in the financial statements have been rounded to the nearest dollar.
Accounting Policies
(a) Revenue and other income Revenue is measured at the fair value of the consideration received or receivable after taking into account any trade discounts and volume rebates allowed. Any consideration deferred is treated as the provision of finance and is discounted at a rate of interest that is generally accepted in the market for similar arrangements. The difference between the amount initially recognised and the amount ultimately received is interest revenue.
Revenue is recognised for the major business activities as follows: (i) Poker Machines Revenue is recognised as the net amount cleared from all machines. (ii) Other A sale is recorded when the goods or services have been provided to the customer.
All revenue is stated net of the amount of goods and services tax (GST).
(b Inventories Inventories are measured at the lower of cost and net realisable value. Costs are assigned to individual items of stock on the basis of weighted average costs.
(c) Property, plant and equipment Each class of property, plant and equipment is carried at cost or fair value as indicated less, where applicable, any accumulated depreciation and impairment losses.
Property Freehold land and buildings are measured on the cost basis. The carrying amount of freehold land and buildings is reviewed to ensure it is not in excess of the recoverable amount based on valuations by external independent valuers, less subsequent depreciation for buildings, undertaken every three to five years.
In periods when the freehold land and buildings are not subject to an independent valuation, the directors conduct directors’ valuations to ensure the carrying amount for the land and
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ASQUITH BOWLING & RECREATION CLUB LTD | ABN 81 001 039 74714
buildings is not materially different to the fair value.
Increases in the carrying amount arising on revaluation of land and buildings are recognised in income statement and accumulated in the revaluation surplus in equity. Revaluation decreases that offset previous increases of the same class of assets shall be recognised in other comprehensive income under the heading of revaluation surplus. All other decreases are charged to the income statement.
As the revalued buildings are depreciated, the difference between depreciation recognised in the income statement, which is based on the revalued carrying amount of the asset and the depreciation based on the asset’s original cost, is transferred from the revaluation surplus to retained earnings.
Any accumulated depreciation at the date of the revaluation is eliminated against the gross carrying amount of the asset and the net amount is restated to the revalued amount of the asset.
Freehold land and buildings that have been contributed at no cost, or for nominal cost, are valued and recognised at the fair value of the asset at the date it is acquired.
Plant and equipment
Plant and equipment are measured on the cost basis less depreciation and impairment losses.
Plant and equipment are measured on the cost basis and are therefore carried at cost less accumulated depreciation and any accumulated impairment losses. In the event the carrying amount of plant and equipment is greater than its estimated recoverable amount, the carrying amount is written down immediately to its estimated recoverable amount and impairment losses recognised either in profit or loss or as a revaluation decrease if the impairment losses relate to a revalued asset. A formal assessment of recoverable amount is made when impairment indicators are present.
Plant and equipment that have been contributed at no cost, or for nominal cost, are valued and recognised at the fair value of the asset at the date it is acquired.
Depreciation
The depreciable amount of all fixed assets, including buildings and capitalised lease assets, but excluding freehold land, is depreciated on a straight line basis over the asset’s useful life to the entity commencing from the time the asset is held ready for use. Leasehold improvements are depreciated over the shorter of either the unexpired period of the lease or the estimated useful lives of the improvements.
The depreciation rates used for each class of depreciable assets are:
Buildings 40 years Plant and equipment 2-20 years
The assets’ residual values and useful lives are reviewed, and adjusted if appropriate, at the end of each reporting period.
Gains and losses on disposals are determined by comparing proceeds with the carrying amount. These gains or losses are included in the income statement. When revalued assets are sold, amounts included in the revaluation surplus relating to that asset are transferred to retained earnings.
(d) Leases
Leases of fixed assets, where substantially all the risks and benefits incidental to the ownership of the asset but not the legal ownership are transferred to the entity, are classified as finance leases.
Finance leases are capitalised, recording an asset and a liability equal to the present value of
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42ND ANNUAL REPORT | For the year ended 30th June 2014 15
the minimum lease payments, including any guaranteed residual values.
Leased assets are depreciated on a straight-line basis over their estimated useful lives where it is likely that the entity will obtain ownership of the asset. Lease payments are allocated between the reduction of the lease liability and the lease interest expense for the period.
Lease payments for operating leases, where substantially all the risks and benefits remain with the lessor, are charged as expenses on a straight-line basis over the lease term.
Lease incentives under operating leases are recognised as a liability and amortised on a straight-line basis over the life of the lease term.
(e) Financial Instruments
Initial Recognition and Measurement Financial assets and financial liabilities are recognised when the entity becomes a party to the contractual provisions to the instrument. For financial assets, this is equivalent to the date that the company commits itself to either purchase or sell the asset (ie trade date accounting is adopted). Financial instruments are initially measured at fair value plus transactions costs except where the instrument is classified “at fair value through profit or loss” in which case transaction costs are expensed to profit or loss immediately.
Classification and Subsequent Measurement Financial instruments are subsequently measured at fair value, amortised cost using the effective interest rate method or cost. Fair value represents the amount for which an asset could be exchanged or a liability settled, between knowledgeable, willing parties. Where available, quoted prices in an active market are used to determine fair value. In other circumstances, valuation techniques are adopted.
Amortised cost is calculated as (i) the amount at which the financial asset or financial liability is measured at initial recognition (ii) less principal repayments (iii) plus or minus the cumulative amortisation of the difference, if any, between the amount initially recognised and the maturity amount calculated using the effective interest method; and (iv) less any reduction for impairment.
The effective interest method is used to allocate interest income or interest expense over the relevant period and is equivalent to the rate that exactly discounts estimated future cash payments or receipts (including fees, transaction costs and other premiums or discounts) through the expected life (or when this cannot be reliably predicted, the contractual term) of the financial instrument to the net carrying amount of the financial asset or financial liability. Revisions to expected future net cash flows will necessitate an adjustment to the carrying value with a consequential recognition of an income or expense in profit or loss.
(i) Financial assets at fair value through profit or loss Financial assets are classified at ‘fair value through profit or loss’ when they are either held for trading for the purpose of short term profit taking, derivatives not held for hedging purposes, or when they are designated as such to avoid an accounting mismatch or to enable performance evaluation where a group of financial assets is managed by key management personnel on a fair value basis in accordance with a documented risk management or investment strategy. Such assets are subsequently measured at fair value with changes in carrying value being included in profit or loss.
(ii) Loans and receivables Loans and receivables are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market and are subsequently measured at amortised cost.
Loans and receivables are included in current assets, except for those which are not expected to mature within 12 months after the end of the reporting period. (All other loans and receivables are classified as non-current assets.)
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ASQUITH BOWLING & RECREATION CLUB LTD | ABN 81 001 039 74716
(iii) Held-to-maturity investments Held-to-maturity investments are non-derivative financial assets that have fixed maturities and fixed or determinable payments, and it is the entity’s intention to hold these investments to maturity. They are subsequently measured at amortised cost.
Held-to-maturity investments are included in non-current assets, except for those which are expected to mature within 12 months after the end of the reporting period. (All other investments are classified as current assets.)
If during the period the company sold or reclassified more than an insignificant amount of the held-to-maturity investments before maturity, the entire held-to-maturity investments category would be tainted and reclassified as available-for-sale.
(iv) Available-for-sale financial assets Available-for-sale financial assets are non-derivative financial assets that are either not capable of being classified into other categories of financial assets due to their nature, or they are designated as such by management. They comprise investments in the equity of other entities where there is neither a fixed maturity nor fixed or determinable payments. Such assets are subsequently measured at fair value.
Available-for-sale financial assets are included in non-current assets, except for those which are expected to be disposed of within 12 months after the end of the end of the reporting period. (All other financial assets are classified as current assets.)
(v) Financial Liabilities Non-derivative financial liabilities (excluding financial guarantees) are subsequently measured at amortised cost.
Fair value Fair value is determined based on current bid prices for all quoted investments. Valuation techniques are applied to determine the fair value for all unlisted securities, including recent arm’s length transactions, reference to similar instruments and option pricing models.
Impairment At the end of each reporting period, the entity assesses whether there is objective evidence that a financial instrument has been impaired. In the case of available-for-sale financial instruments, a prolonged decline in the value of the instrument is considered to determine whether an impairment has arisen. Impairment losses are recognised in the income statement.
Derecognition Financial assets are derecognised where the contractual rights to receipt of cash flows expire or the asset is transferred to another party whereby the entity no longer has any significant continuing involvement in the risks and benefits associated with the asset. Financial liabilities are derecognised where the related obligations are discharged, cancelled or expired. The difference between the carrying value of the financial liability, which is extinguished or transferred to another party, and the fair value of consideration paid, including the transfer of non-cash assets or liabilities assumed, is recognised in profit or loss.
(f) Impairment of Assets At the end of each reporting period, the entity assesses whether there is any indication that an asset may be impaired. If such an indication exists, an impairment test is carried out on the asset by comparing the recoverable amount of the asset, being the higher of the asset’s fair value less costs to sell and value in use, to the asset’s carrying amount. Any excess of the asset’s carrying amount over its recoverable amount is recognised immediately in profit or loss, unless the asset is carried at a revalued amount in accordance with another Standard (e.g. in accordance with the revaluation model in AASB 116). Any impairment loss of a revalued asset is treated as a revaluation decrease in accordance with that other Standard.
Where the future economic benefits of the asset are not primarily dependent upon the asset’s ability to generate net cash inflows and when the entity would, if deprived of the asset, replace
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its remaining future economic benefits, value in use is determined as the depreciated replacement cost of an asset.
Where it is not possible to estimate the recoverable amount of an individual asset, the entity estimates the recoverable amount of the cash-generating unit to which the asset belongs.
Impairment testing is performed annually for goodwill and intangible assets with indefinite lives.
(g) Employee Benefits Provision is made for the company’s liability for employee benefits arising from services rendered by employees to the end of the reporting period. Employee benefits that are expected to be settled within one year have been measured at the amounts expected to be paid when the liability is settled. Employee benefits payable later than one year have been measured at the present value of the estimated future cash outflows to be made for those benefits. In determining the liability, consideration is given to employee wage increases and the probability that the employee may not satisfy vesting requirements. Those cash outflows are discounted using market yields on national government bonds with terms to maturity that match the expected timing of cash flows attributable to employee benefits.
Contributions are made by the entity to an employee superannuation fund and are charged as expenses when incurred.
(h) Cash and cash equivalents Cash and cash equivalents include cash on hand, deposits held at call with banks, other short- term highly liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within short-term borrowings in current liabilities on the balance sheet.
(i) Goods and Service Tax (GST) Revenues, expenses and assets are recognised net of the amount of GST, except where the amount of GST incurred is not recoverable from the Australian Taxation Office (ATO).
Receivables and payables are stated inclusive of the amount of GST receivable or payable. The net amount of GST recoverable from, or payable to, the ATO is included with other receivables or payables in the statement of financial position.
Cash flows are presented on a gross basis. The GST components of cash flows arising from investing or financing activities which are recoverable from, or payable to, the ATO are presented as operating cash flows included in receipts from customers or payments to suppliers.
(j) Income tax No provision for income tax has been raised as the entity is exempt from income tax under Div 50 of the Income Tax Assessment Act 1997.
(k) Intangibles Poker machine Entitlements Entitlements are recognised at cost of acquisition. Entitlements have an infinite life. Entitlements are tested annually for impairment and carried at cost less accumulated impairment losses.
(l) Provisions Provisions are recognised when the entity has a legal or constructive obligation, as a result of past events, for which it is probable that an outflow of economic benefits will result and that outflow can be reliably measured. Provisions recognised represent the best estimate of the amounts required to settle the obligation at the end of the reporting period.
(m) Comparative Figures Where required by Accounting Standards, comparative figures have been adjusted to conform with changes in presentation for the current financial year.
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ASQUITH BOWLING & RECREATION CLUB LTD | ABN 81 001 039 74718
(n) Trade and Other Payables Trade and other payables represent the liability outstanding at the end of the reporting period for goods and services received by the company during the reporting period which remain unpaid. The balance is recognised as a current liability with the amounts normally paid within 30 days of recognition of the liability.
(o) Critical Accounting Estimates and Judgements The directors evaluate estimates and judgments incorporated into the financial statements based on historical knowledge and best available current information. Estimates assume a reasonable expectation of future events and are based on current trends and economic data, obtained both externally and within the company.
Key Estimates At 30 June 2014 the directors have performed a directors’ valuation on freehold land and buildings. The directors have reviewed the key assumptions made by the valuers in 2005 and do not believe there has been a significant change in the assumptions at 30 June 2014. They directors therefore believe the carrying value of the land correctly reflects the fair value less cost to sell at 30 June 2014.
NOTE 2. REVENUE
2014 2013
Notes $ $
Revenue from continuing operations
Sale of goods 1,219,149 1,090,577
Services 1,643,448 1,604,671
2,862,597 2,695,248
Revenue from outside continuing operations
Interest 7,340 9,881
PM Rebate 17,180 17,180
Rent 9,491 14,454
Revenue from continuing operations 2,896,608 2,736,763
NOTE 3. PROFIT/ (LOSS) FROM CONTINUING OPERATIONS
2014 2013
Notes $ $
Net gains and expenses
Profit/(loss) before income tax includes the following specific net gains and expenses:
Expenses
Depreciation
Buildings 82,527 78,486
Plant and equipment 114,091 110,265
Total depreciation 196,618 188,751
Net loss on disposal of non-current assets 4,729 24,728
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NOTE 4. CURRENT ASSETS – CASH AND CASH EQUIVALENTS
2014 2013
Notes $ $
Cash at bank and on hand 506,543 391,469
The above figures are reconciled to cash at the end of the financial year as shown in the cash flow statement as follows
Balances as above 506,543 391,469
Less: Bank overdrafts - -
Balances per cash flow statement 506,543 391,469
NOTE 5. CURRENT ASSETS – RECEIVABLES
2014 2013
Notes $ $
Other debtors 295 1,360
These amounts generally arise from transactions outside the usual operating activities of the Company. Interest is not normally charged. Collateral is not normally obtained.
NOTE 6. CURRENT ASSETS – INVENTORIES
2014 2013
Notes $ $
Retail stock – at cost 46,915 41,003
NOTE 7. CURRENT ASSETS – OTHER
2014 2013
Notes $ $
Prepayments 47,117 42,930
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ASQUITH BOWLING & RECREATION CLUB LTD | ABN 81 001 039 74720
NOTE 8. NON-CURRENT ASSETS – PROPERTY, PLANT AND EQUIPMENT 2014 2013
Notes $ $
Land and buildings
Freehold land at cost 1,014,370 1,014,370
Buildings
At cost 3,193,516 3,149,499
Less: Accumulated depreciation (1,040,491) (959,104)
2,153,025 2,190,395
Total land and buildings 3,167,395 3,204,765
Plant and equipment
At cost 1,645,829 1,637,809
Less: Accumulated depreciation (947,016) (864,521)
Total plant and equipment 698,813 773,288
3,866,208 3,978,053
Reconciliations
Reconciliations of the carrying amounts of each class of property, plant and equipment at the beginning and end of the current financial year are as set out below.
Freehold land Buildings and Plant and Total improvements equipment
$ $ $ $
Carrying amount at 1 July 2012 1,014,370 2,190,395 773,288 3,978,053
Additions - 45,157 44,345 89,502
Disposals - - (4,729) (4,729)
Depreciation expense - (82,527) (114,091) (196,618)
Carrying amount at 30 June 2013 1,014,370 2,153,025 698,813 3,866,208
NOTE 9. NON-CURRENT ASSETS – INTANGIBLE ASSETS
2014 2013
Notes $ $
Poker machine entitlements 197,976 197,976
Other debtors These amounts generally arise from transactions outside the usual operating activities of the Company. Interest is not normally charged. Collateral is not normally obtained.
NOTE 10. CURRENT LIABILITIES – PAYABLES 2014 2013
Notes $ $
Trade creditors - 9,801
Accrued charges 39,464 41,092
Other creditors - 13,538
39,464 64,431
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NOTE 11. CURRENT LIABILITIES – PROVISIONS 2014 2013 Notes $ $Employee entitlements 89,481 60,060Unclaimed Tickets 4,834 - 94,315 60,060
NOTE 12. CURRENT LIABILITIES – OTHER 2014 2013 Notes $ $Subscriptions in advance 14,116 24,835Room hire in advance 1,000 750Sponsorship in advance - 5,989 15,116 31,574
NOTE 13. NON-CURRENT LIABILITIES – INTEREST BEARING LIABILITIES
2014 2013 Notes $ $SecuredBank loan 530,000 585,000The bank loan is secured by a registered first mortgage and floating charge over all assets and undertakings of the entity.Assets pledged as securityThe carrying amounts of assets pledged as security are: 2014 2013 Notes $ $First mortgageFreehold land and buildings 8 3,167,395 3,204,765Floating chargePlant and equipment 8 698,813 773,288Total property, plant and equipment pledged as security 3,866,208 3,978,053Poker machine entitlements 9 197,976 197,976Total non-current assets pledged as security 4,064,184 4,176,029
The following current assets are also pledged as security under the floating charge:Cash assets 4 506,543 391,469Receivables 5 295 1,360Inventories 6 46,915 41,003Other current assets 7 47,117 42,930Total assets pledged as security 4,665,054 4,652,791
Financing arrangementsUnrestricted access was available at balance date to the following lines of credit:Leasing facilitiesTotal facilities 50,000 50,000Used at balance date - -Unused at balance date 50,000 50,000
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ASQUITH BOWLING & RECREATION CLUB LTD | ABN 81 001 039 74722
Continued... NOTE 13. NON-CURRENT LIABILITIES – INTEREST BEARING LIABILITIES 2014 2013 Notes $ $
Bank Loan facilities
Total facilities 585,000 585,000
Used at balance date 530,000 585,000
Unused at balance date 55,000 -
The current interest rate on the bank loan is 7.09% (2013: 7.14%).
NOTE 14. NON-CURRENT LIABILITIES – PROVISIONS 2014 2013
Notes $ $
Employee entitlements 11,475 34,243
NOTE 15. OTHER 2014 2013
Notes $ $
Subscription in advance 21,142 10,342
NOTE 16. RESERVES AND RETAINED PROFITS 2014 2013
Notes $ $
Retained profits at the beginning of the financial year 3,867,141 3,872,376
Net profit/(loss) 86,401 (5,235)
Retained profits at the end of the financial year 3,953,542 3,867,141
NOTE 17. COMMITMENTS FOR EXPENDITUREOperating lease commitments
Non-cancellable operating leases contracted for but not recognised in the financial statements.
2014 2013
Notes $ $
Payable – minimum lease payments:
Within one year 11,548 11,548
Later than one year but not later than 5 years 28,470 40,018
40,018 51,566
The equipment lease commitments are non-cancellable operating leases contracted for but not recognised in the financial statements with a five-year term.
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NOTE 18. FINANCIAL INSTRUMENTS
(a) Interest rate risk exposures The entity’s exposure to interest rate risk and the effective weighted average interest rate by maturity periods is set out in the following table. For interest rates applicable to each class of asset or liability refer to individual notes to the financial statements.
Exposures arise predominantly from assets and liabilities bearing variable interest rates as the entity intends to hold fixed rate assets and liabilities to maturity.
Fixed interest maturing in 2014
Notes Floating 1 year or Over 1 to More than Non- Total interest less 5 years 5 years Interest Bearing
$ $ $ $ $ $
Financial assets
Cash and deposits 4 421,965 5,602 - - 78,976 506,543
Receivables 5 - - - - 295 295
421,965 5,602 - - 79,271 506,838
Weighted average interest rate 2.02% 2.90%
Financial liabilities
Trade and other creditors 10 - - - - 39,464 39,464
Bank loan 13 530,000 - - - - 530,000
530,000 - - - 39,464 569,464
Weighted average interest rate 7.09%
Net financial assets (liabilities) (108,035) 5,602 - - 39,807 (62,626)
Fixed interest maturing in 2013
Notes Floating 1 year or Over 1 to More than Non- Total interest less 5 years 5 years Interest Bearing
$ $ $ $ $ $
Financial assets
Cash and deposits 4 310,086 5,421 - - 75,962 391,469
Receivables 5 - - - - 1,360 1,360
310,086 5,421 - - 77,322 392,829
Weighted average interest rate 2.19% 4.15%
Financial liabilities
Trade and other creditors 10 - - - - 64,431 64,431
Bank bills 13 585,000 - - - - 585,000
585,000 - - - 64,431 649,431
Weighted average interest rate 7.14%
Net financial assets (liabilities) (274,914) 5,421 - - 12,891 (256,602)
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ASQUITH BOWLING & RECREATION CLUB LTD | ABN 81 001 039 74724
(b) Net fair value of financial assets and liabilities The net fair value of cash and cash equivalents and non-interest bearing monetary financial assets and financial liabilities of the entity approximates their carrying amounts.
The net fair value of other monetary financial assets and financial liabilities is based upon market prices where a market exists or by discounting the expected future cash flows by the current interest rates for assets and liabilities with similar risk profiles.
NOTE 19. REMUNERATION OF DIRECTORS
2014 2013
Notes $ $
Income paid or payable, or otherwise made available to directors in connection with the management of affairs of the Company - -
The number of directors whose total income from the Company was within the specified bands are as follows:
$ $ 2014 2013
0 - 10,000 7 7
NOTE 20. RECONCILIATION OF NET PROFIT/ (LOSS) TO NET CASH INFLOW FROM OPERATING ACTIVITIES
2014 2013
Notes $ $
Net profit/(loss) 86,401 (5,235)
Depreciation and amortisation 196,618 188,751
Loss on disposal of property, plant and equipment 4,729 24,728
Change in operating assets and liabilities:
(Increase)/Decrease in other debtors 1,065 (1,360)
(Increase)/Decrease in inventories (5,912) (3,896)
(Increase)/Decrease in prepayments (4,187) (17,003)
Increase/(Decrease) in creditors and accruals (24,967) 18,065
Increase/(Decrease) in other operating liabilities (5,658) 11,991
Increase/(Decrease) in provisions 11,487 15,644
Net cash inflow from operating activities 259,576 231,685
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42ND ANNUAL REPORT | For the year ended 30th June 2014 25
DIRECTORS’ DECLARATION
The directors declare that:
1. The financial statements and notes, as set out on pages 4 to 17, are in accordance with the Corporations Act 2001 and:
(a) comply with Australian Accounting Standards; and
(b) give a true and fair view of the financial position as at 30 June 2014 and of the performance for the year ended on that date of the entity.
2. In the directors’ opinion there are reasonable grounds to believe that the entity will be able to pay its debts as and when they become due and payable.
This declaration is made in accordance with a resolution of the Board of Directors..
D Haynes M Herbert DIRECTOR DIRECTOR
Asquith 23 August 2014
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ASQUITH BOWLING & RECREATION CLUB LTD | ABN 81 001 039 74726
MCEWAN AND PARTNERS CHARTERED ACCOUNTANTS
INDEPENDENT AUDIT REPORT TO THE MEMBERS OF ASQUITH BOWLING & RECREATION CLUB LIMITED
Report on the Financial Report
We have audited the accompanying financial report of Asquith Bowling & Recreation Club Limited (the company), as set out on pages 4 to 18, which comprises the balance sheet as at 30 June 2014, the income statement, statement of changes in equity and cash flow statement for the year then ended, notes comprising a summary of significant accounting policies and other explanatory information, and the directors’ declaration.
Directors’ Responsibility for the Financial Report
The directors of the company are responsible for the preparation and fair presentation of the financial report that gives a true and fair view in accordance with Australian Accounting Standards – Reduced Disclosure Requirements (including Australian Accounting Interpretations) and the Corporations Act 2001 and for such internal control as the directors determine is necessary to enable the preparation of the financial report that is free from material misstatement, whether due to fraud or error.
Auditor’s Responsibility
Our responsibility is to express an opinion on the financial report based on our audit. We conducted our audit in accordance with Australian Auditing Standards. Those standards require that we comply with relevant ethical requirements relating to audit engagements and plan and perform the audit to obtain reasonable assurance whether the financial report is free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial report. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial report, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial report in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the directors, as well as evaluating the overall presentation of the financial report.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
Independence
In conducting our audit, we have complied with the independence requirements of the Corporations Act 2001. We confirm that the independence declaration required by the Corporations Act 2001, provided to the directors of Asquith Bowling & Recreation Club Limited, would be in the same terms if provided to the directors as at the date of this auditor’s report on page 20.
Auditor’s Opinion
In our opinion, the financial report of Asquith Bowling & Recreation Club Limited is in accordance with the Corporations Act 2001, including:
(a) giving a true and fair view of the company’s financial position as at 30 June 2014 and of its performance for the year ended on that date; and
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(b) complying with Australian Accounting Standards – Reduced Disclosure Requirements (including Australian Accounting Interpretations) and the Corporations Regulations 2001.
Ben McEwan
Newcastle 22 August 2014
AUDITOR’S INDEPENDENCE DECLARATION
I declare that, to the best of my knowledge and belief, during the year ended 30 June 2014 there have been no contraventions of:
(i) the auditor independence requirements as set out in the Corporations Act 2001 in relation to the audit; and
(ii) any applicable code of professional conduct in relation to the audit.
This declaration is in respect of Asquith Bowling & Recreation Club Limited for the year ended 30 June 2013.
Ben McEwan
Newcastle 22 August 2014
DISCLAIMER OF OPINION ON ADDITIONAL FINANCIAL DATA OF ASQUITH BOWLING & RECREATION CLUB LIMITED
The additional financial data set out on pages 22 to 30 is in accordance with the books and records of Asquith Bowling & Recreation Club Limited (the Company) and is made subject to the auditing procedures applied in the statutory audit of the Company for the year ended 30 June 2014.
It will be appreciated that the statutory audit did not cover all details of the additional financial data. Accordingly, we do not express an opinion on such financial data and no warranty of accuracy or reliability is given.
Neither the firm nor any member or employee of the firm undertakes responsibility in any way whatsoever to any person (other than the Company) in respect of the additional financial data, including any errors or omissions therein however caused.
Ben McEwan
Newcastle 22 August 2014
McEwan and Partners Chartered Accountants
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ASQUITH BOWLING & RECREATION CLUB LTD | ABN 81 001 039 74728
OPERATING STATEMENT 30 June 2014
2014 2013
Notes $ $
Income
Bar Trading 429,096 345,712
TAB Trading Centre (41,696) (32,470)
Poker Machine Trading 814,809 806,996
Mens Bowling Club (1,852) 637
Womens Bowling Club 3,731 (1,693)
Keno Account 17,528 16,636
Total Income 1,221,616 1,135,818
Expenses
Administration 230,192 240,695
Greens 160,939 143,018
Repairs & Maintenance 64,529 100,881
Social 188,269 188,057
Kitchen 26,919 17,243
Utilities 464,367 451,159
Total Expenses 1,135,215 1,141,053
Yearly Profit/Loss 86,401 (5,235)
The above operating statement has not been subject to audit – refer to the Disclaimer on page 21.
21956_Asquith Bowling Annual Report 2014.indd 28 22/09/2014 10:32 am
42ND ANNUAL REPORT | For the year ended 30th June 2014 29
BAR TRADING STATEMENT 30 June 2014
2014 2013
Notes $ $
Income
Bar Income 1,219,149 1,090,577
Total Income 1,219,149 1,090,577
Less: Cost of Sales
Opening Stock 39,394 35,635
Bar Purchases 530,891 481,648
Closing Stock (46,487) (39,394)
Total Cost of Sales 523,798 477,889
Gross Profit 695,351 612,688
% To Sales 57.0% 56.2%
Expenses
Beer Snacks 2,146 3,116
Beer Gas 2,491 4,628
Beer Line Cleaning 431 682
Repairs & Maintenance – Bar 705 1,380
Replacements – glassware 1,242 2,317
Refrigeration 285 299
Staff Amenities 1,410 1,051
Staff Recruitment 703 225
Stock Take 5,330 4,210
Superannuation - Bar 20,494 19,884
Sundry expenses – Bar 3,723 393
Wages - bar 220,806 214,017
Employee entitlements Bar 6,489 14,774
Total Expenses 266,255 266,976
Net Profit/Loss 429,096 345,712
The above operating statement has not been subject to audit – refer to the Disclaimer on page 21.
21956_Asquith Bowling Annual Report 2014.indd 29 22/09/2014 10:32 am
ASQUITH BOWLING & RECREATION CLUB LTD | ABN 81 001 039 74730
POKER MACHINE TRADING STATEMENT 30 June 2014 2014 2013 Notes $ $IncomePoker Machine Net Income 1,166,256 1,141,791
ExpensesClearance Costs 200 400Central Monitoring System 16,970 17,968Depreciation – Poker Machines 50,348 48,038E Bet Maintenance & Support Fees 6,600 2,767Repairs & Maintenance - pokies 24,524 19,679Licence fees 3,600 -Promotions - pokies 69,439 72,435Poker Machine Tax Rebate (17,180) (17,180)Poker Machine Tax 77,036 73,620Profit/[loss] on Sale of Poker Machines - 5,049Sundry Expenses – Poker Machines 76 879Superannuation – poker machines 9,782 8,646Wages – poker machines 106,548 93,000Employee Entitlements P/machines 3,504 9,494Total Expenses 351,447 334,795
Net Profit/Loss 814,809 806,996
The above operating statement has not been subject to audit – refer to the Disclaimer on page 21.
TAB TRADING STATEMENT 30 June 2014 2014 2013 Notes $ $IncomeCommission 41,515 49,406Total Income 41,515 49,406
Expenses
Bank Charges - 9Form Guides 326 409Sky Channel 27,861 27,516Flexicast 3,014 2,782Promotions - tab 2,300 2,363EBT Rental 5,429 6,122Wages - tab 40,656 36,746Superannuation - tab 3,625 3,277Sundry Expenses - tab - 2,652Total Expenses 83,211 81,876
Net Profit/Loss (41,696) (32,470)
The above operating statement has not been subject to audit – refer to the Disclaimer on page 21.
21956_Asquith Bowling Annual Report 2014.indd 30 22/09/2014 10:32 am
42ND ANNUAL REPORT | For the year ended 30th June 2014 31
GREENS TRADING STATEMENT 30 June 2014 2014 2013 Notes $ $IncomeSundry Income - 405
Locker Fee 200 168Sausage Sizzle - 3,301Cash Draw 455 400Jackpot - 2,234
Green Fees 159 26,801Green Fees Bowlers 66,416 51,205Green Fees Bowlers 9,536 8,673
Tournament Income - 82Tournament Entry/Green Fees 19,104 5,091Tournament Income - Catering 1,074 475Tournament Income - Jackpot 1,773 -
Raffle Income 16,878 8,557Total Income 115,595 107,392
Expenses
Depreciation - Greens 13,414 9,326Contractor 100,996 99,912Bowls Prizes 246 11,848
Club Cash 28,730 18,023Cash 10,758 17,700
Elite Bowls, State and Pennants support 18,283 14,250Financial support – AMBC and AWBC 4,985 5,780Maintenance General 31 904Bowls Recruitment/Open Days - 217Raffle Expense 12,540 5,859Sundry Expenses 288 1,783
Lady Bowlers 1,325 501Sausage Sizzle - 8,760Jackpot - 5,545Bowls Helper 341 1,189
Sundry Expenses Greens 752 1,088Superannuation - Bowls 5,298 3,596
Tournament Expense – Prizes Cash 10,527 -Tournament Expense – Prizes Club Cash 339 -Tournament Expense – Catering 3,281 -Tournament Expense – Jackpot 3,639 -
Wages - Bowls 57,904 40,458Employee Entitlements - Bowls 2,857 3,671Total Expenses 276,534 250,410
Net Greens Expenses Transferred (160,939) (143,018)
The above operating statement has not been subject to audit – refer to the Disclaimer on page 21.
21956_Asquith Bowling Annual Report 2014.indd 31 22/09/2014 10:32 am
ASQUITH BOWLING & RECREATION CLUB LTD | ABN 81 001 039 74732
SOCIAL ACCOUNT 30 June 2014 2014 2013 Notes $ $IncomeBingo 19,652 20,943Cigarette Machine Commission 1,656 1,545Room Hire 4,970 4,483Raffle – Sunday 31,213 36,479Raffle – Friday 41,850 52,665Special Events – club income 3,613 4,208Sundry Income - social 44 263Snack Machine Commission 1,348 1,541Total Income 104,346 122,127
ExpensesAdvertising – Club 17,752 16,823Advertising – recruitment - 621Bingo 53,725 53,368Entertainment 11,365 11,200Fox Sports 30,368 28,788
Members 3,413 2,007Sundry 778 555Members Badge Draw 18,336 15,391Foyer Members Vouchers 6,826 25,955Birthday Vouchers 31,386 28,380Crazy Cash 20,146 20,000Sunday Roast 4,396 9,414Bistro Deals - 865
Raffle Expense – Friday 50,254 48,274Raffle – Sunday expense 29,757 28,306Special Events – club expense 4,655 8,873Sundry Expenses – Social 1,079 1,813Trivia Expenses 8,379 9,551Total Expenses 292,615 310,184
Net Social Expenses (188,269) (188,057)
The above operating statement has not been subject to audit – refer to the Disclaimer on page 21.
KENO TRADING STATEMENT 30 June 2014 2014 2012 Notes $ $IncomeKeno Commission 21,316 19,801Total Income 21,316 19,801Repairs & Maintenance - Keno 2,836 2,768Stationery 952 397Total Expenses 3,788 3,165
Net Profit/(Loss) 17,528 16,636
The above operating statement has not been subject to audit – refer to the Disclaimer on page 21.
21956_Asquith Bowling Annual Report 2014.indd 32 22/09/2014 10:32 am
42ND ANNUAL REPORT | For the year ended 30th June 2014 33
MEN’S BOWLING CLUB 30 June 2014
2014 2013 Notes $ $
IncomeEntry Fees 436 373
Financial Support – Registered Club 3,160 3,160
Greens Fees Extra 5,775 6,132
Raffles – AMBC 35,782 37,521
Raffles – Other 1,567 -
Diggers Day - 388
Gourmet Day 3,745 6,500
Other 3,637 4,795
Bowls Clothing 3,145 1,077
State Championships 9 -
Sundry Income - AMBC 1,612 1,130
Total Income 58,868 61,076
ExpensesAdvertising 282 -
Bank Charges 286 303
Bowls Clothing & Accessories 3,036 644
Bowls Office Expenses 170 -
Catering 3,380 4,760
Donations 1,003 1,000
Entry fees 255 -
Zone & State 1,365 1,679
Honorarium 2,000 2,000
Hospitality 3,068 4,137
Postage 80 120
Printing & Stationery 1,723 1,026
Raffles – AMBC expense 29,502 30,864
Diggers Day - 388
Gourmet Day 5,975 5,408
Presentation Night 1,287 2,833
Hornsby Shire Cup 109 375
Other 3,283 3,734
Sundry Expenses - AMBC 3,122 223
Travel Allowance 594 245
Zone Representatives Allowance 200 700
Total Expenses 60,720 60,439
Net Profit/(Loss) (1,852) 637
The above operating statement has not been subject to audit – refer to the Disclaimer on page 21.
21956_Asquith Bowling Annual Report 2014.indd 33 22/09/2014 10:32 am
ASQUITH BOWLING & RECREATION CLUB LTD | ABN 81 001 039 74734
WOMEN’S BOWLING CLUB 30 June 2014
2014 2013 Notes $ $
IncomeCharity 3,758 3,487
Club Items 1,715 1,917
Entry Fees – Competition 4,618 -
Extra Fees 456 -
Interest – AWBC 196 20
Interest – Term Deposit - 293
Financial Support – Registered Club 390 485
Raffles – AWBC 5,095 5,881
Social Excursions 3,925 5,395
Special Days 160 6,603
Sponsorship - 455
Sundry Income - AWBC 1,444 732
Total Income 21,757 25,268
Expenses
Administration 457 708
Bank Charges 37 51
Charity 2,468 3,750
Club Items 1,985 3,223
Entry Fees - Competition 1,229 1,187
Green Fees 214 2,030
Gifts 811 408
Honorarium 1,600 1,400
Social Excursions 1,631 5,240
Raffles – AWBC expense 748 901
Social & Catering 4,631 6,468
Sundry Expenses - AWBC 1,755 1,241
Trophies 427 302
Welfare 33 52
Total Expenses 18,026 26,961
Net Profit/(Loss) 3,731 (1,693)
The above operating statement has not been subject to audit – refer to the Disclaimer on page 21.
21956_Asquith Bowling Annual Report 2014.indd 34 22/09/2014 10:32 am
42ND ANNUAL REPORT | For the year ended 30th June 2014 35
SCHEDULE OF EXPENSES 30 June 2014
2014 2013 Notes $ $
Repairs and Maintenance Expenses301 Pacific Highway Property 2,436 2,793
Air Conditioning 9,030 11,730
Buildings 1,290 1,128
Coolrooms 1,817 1,784
Club Surrounds 62 732
Drainage and Plumbing 4,590 5,747
Dumb Waiter Maintenance 2,049 1,937
Electrical Maintenance 2,914 9,847
General Consumables - Club 784 1,996
Health & Hygiene 1,525 1,525
Kitchen 657 705
Locks/Alarm Systems 800 -
Pest Services 1,856 1,800
Refrigeration 290 2,410
Repairs & Maintenance - general 6,605 30,552
Superannuation – maintenance/cleaning 5,977 5,650
Wages – maintenance 21,847 20,545
Total Expenses 64,529 100,881
Kitchen expenses
Income
Gas & Electricity Income 10,790 -
Rent 4,839 5,200
ExpensesCleaning – restaurant/kitchen 8,538 6,720
Gas & Electricity Expenses 13,603 12,382
Repairs & Maintenance - Kitchen 19,985 2,953
Sundry Expenses - Kitchen 422 388
Total Expenses 42,548 22,443
Net Profit/(Loss) (26,919) (17,243)
The above operating statement has not been subject to audit – refer to the Disclaimer on page 21.
21956_Asquith Bowling Annual Report 2014.indd 35 22/09/2014 10:32 am
ASQUITH BOWLING & RECREATION CLUB LTD | ABN 81 001 039 74736
SCHEDULE OF EXPENSES (CONTINUED) 30 June 2014
2014 2013 Notes $ $
Utilities expensesIncomeCourtesy Bus Donations 3,299 2,297
ExpensesDepreciation – Plant & Equipment Club 51,852 53,139
Cleaning – contractor 2,020 3,460
Cleaning – general 1,730 -
Cleaning – Products 5,539 3,616
Consumables – general Club 7,936 6,473
Wages – Cleaning 36,227 35,527
DMX Music Pty Ltd 556 556
Fire Alarm System 4,020 2,553
Electricity 102,907 97,710
Electricity – Car park lights 2,616 3,401
Depreciation – Furniture/Fittings 9,057 4,820
General Insurance 30,094 28,829
Workers Comp 11,356 15,080
Depreciation – Premises 69,113 69,160
Security Patrol/Monitoring/Cash collect 13,801 12,788
Security Cameras 9,663 3,868
Security Guard 23,365 23,263
Wages – Doorperson 6,600 6,600
Courtesy Bus Expenses 7,245 5,814
Depreciation – Bus 622 672
Wages - courtesy bus 16,133 14,149
Superannuation – Bus 1,245 305
Rates – Council 3,586 3,271
Rates – Water 15,017 25,957
Superannuation – doorman 656 600
Telephone 18,540 19,462
Waste Removal 16,170 12,383
Net Expenses 464,367 451,159
The above operating statement has not been subject to audit – refer to the Disclaimer on page 21.
21956_Asquith Bowling Annual Report 2014.indd 36 22/09/2014 10:32 am
42ND ANNUAL REPORT | For the year ended 30th June 2014 37
SCHEDULE OF EXPENSES (CONTINUED) 30 June 2014
2014 2013 Notes $ $
BAR TRADING ACCOUNTIncomeBar Income 1,219,149 1,090,577
Total Income 1,219,149 1,090,577
Less: Cost of SalesOpening Stock 39,394 35,635
Bar Purchases 530,891 481,648
Closing Stock (46,487) (39,394)
Total Cost of Sales 523,798 477,889
Gross Profit 695,351 612,688
% To Sales 57.0% 56.2%
ExpensesBeer Snacks 2,146 3,116
Beer Gas 2,491 4,628
Beer Line Cleaning 431 682
Repairs & Maintenance – Bar 705 1,380
Replacements – glassware 1,242 2,317
Refrigeration 285 299
Staff Amenities 1,410 1,051
Staff Recruitment 703 225
Stock Take 5,330 4,210
Superannuation - Bar 20,494 19,884
Sundry expenses – Bar 3,723 393
Wages - bar 220,806 214,017
Employee entitlements Bar 6,489 14,774
Total Expenses 266,255 266,976
Net Profit/Loss 429,096 345,712
The above operating statement has not been subject to audit – refer to the Disclaimer on page 21.
21956_Asquith Bowling Annual Report 2014.indd 37 22/09/2014 10:32 am
ASQUITH BOWLING & RECREATION CLUB LTD | ABN 81 001 039 74738
PRESIDENT’S REPORT: ASQUITH MEN’S BOWLING CLUB
My first year as President has been both a rewarding one, and also a learning experience. Although I had served as a Selector and Bowls Secretary over the years prior to my becoming President, I had little experience in the actual running of the Club. As such, there was a lot of learning and settling in for me during the past year and I sincerely thank our Senior Vice President, David Haynes and our Treasurer, Doug Taylor as well as our other Committee members for their assistance and guidance during that time.
Also Rob Capon, who, on the unfortunate passing of our elected Secretary, Denis Paterson, resigned as Vice President and took on the Secretary’s role. Thanks Rob for taking over and for doing a wonderful job in this very important position in our Club.
Greg Loomes graciously accepted the position of Vice President after Rob resigned and carried out his dual duties as V.P. and Catering Officer diligently.
No Bowling Club can operate without an efficient Bowls Office and Carl Perry, despite a prolonged bout of ill-health has done a great job as Bowls Secretary. Carl has been ably assisted in the office by our stalwarts, David Haynes on Mondays and Bob Hawkins and Brian Kiely on Wednesdays and Thursdays. We really appreciate your continued support.
ASQUITH MEN’S BOWLING CLUB OFFICE BEARERS 2014-2015
President Wal HamiltonSenior Vice President David HaynesVice President Greg LoomesSecretary Rob CaponTreasurer Doug TaylorBowls Secretary Carl PerryBowls Administrator Tony MacriCommittee Ray Jacka Ray Davidson John Goudie Brian KielyMatch Committee David Haynes (C) Greg Loomes Carl Perry.Welfare Bill HesterCatering Greg LoomesDelegate Zone 9 Wal Hamilton Rob CaponBowls Selectors Tony Macri (C) Danny Beecroft Ray Hughes Phil McGowanCoaches Danny Beecroft Wal Hamilton Jim GlanvilleUmpires John Rodick (c) Jim Glanville Wal Hamilton Rob Capon John Goudie Doug Taylor Scott Pollock Bruce Lee Mat McGowan Carl Perry Tony Macri Peter Hines Mick GossonPublicity Officer Steve AtkinsFlag Captain Brian Kiely
21956_Asquith Bowling Annual Report 2014.indd 38 22/09/2014 10:32 am
42ND ANNUAL REPORT | For the year ended 30th June 2014 39
To our selectors Phil McGowan, Ray Hughes and Danny Beecroft lead by Tony Macri, congratulations on a very successful Pennant Season. Due to ill-health Carl Perry resigned as a selector part way through the year. It has been some years since Asquith won a Zone Pennant and also been Runners-up in two Grades, being Grade 2 and Grade 6.
Also a special thank you to all the other members, who played Pennants for us. Even though you may not have enjoyed success, without you there would be no competition.
To our Umpires, who under the chairmanship of John Rodick, give their time for Pennants, Zone and Club Championships; special thanks for your continued attendance for these events.
Danny Beecroft deserves a special mention. Danny has given many hours to coaching the new ‘Introduction to Bowls’ members, many of whom have joined as full bowling members. Thanks Danny for your efforts in keeping our membership numbers up.
Bill Hester has done a wonderful job as Welfare Officer, visiting our sick members and keeping the members informed of their progress and also funeral arrangements when required. Many thanks Bill.
Our Green-keeper, Ross Irwin and his staff continue to provide very good greens, even though they experienced some fungal problems this year.
We continue to maintain an excellent rapport with the Ladies Club and thank President, Jan and her members for their assistance throughout the year.
The Club Ltd staff, under the Secretary Manager, David George continue to provide courteous and efficient service to both the bowling and social members of the two Clubs and we thank them sincerely for their efforts during the past year.
To the Club Ltd Board, special thanks for your continued financial support and assistance in providing the Club facilities and greens we have for our members. We look forward to seeing the commencement of the proposed alterations to update the premises.
We would also like to see some arrangement with the Caterers whereby the Men’s Club can use the Barbeque facility during the Pennants and Mid-week Triples seasons. For many years volunteers from our Club have been able to cook sausages and steaks for our visitors without any problems. We are happy for the caterers to supply the foodstuffs, but we want the flexibility to cook and serve it at our convenience.
Ross Fressle, who for a number of years, was our Returning Officer has decided to retire from that role and Bob Reynolds has agreed to take on this position, and with some guidance from Ross conducted our ballots for this year’s AGM.
Sadly, a number of our members passed away during the year. On behalf of the members, we have written to their families, expressing our sympathy and attended their funeral service. On the Thursday closest to their passing, our bowlers pause for a minute’s silence to pay their respects.
Be assured that the incoming Committee will continue to administer our Club, with the members needs foremost in our minds. All monies raised from our raffles and the one dollar levy on green fees will be used prudently for your benefit.
Wal Hamilton President A.M.B.C
21956_Asquith Bowling Annual Report 2014.indd 39 22/09/2014 10:32 am
ASQUITH BOWLING & RECREATION CLUB LTD | ABN 81 001 039 74740
21956_Asquith Bowling Annual Report 2014.indd 40 22/09/2014 10:32 am
42ND ANNUAL REPORT | For the year ended 30th June 2014 41
PRESIDENT’S REPORT: ASQUITH WOMEN’S BOWLING CLUB
The last twelve months have been a very successful and fulfilling year for our club. I like to think we are a very happy club and everyone pulls together for this success and their own involvement in the club, and I thank you all for this involvement.
During the last six months of 2013 we had our Birthday, which was a great success, socially and our “Bring a non-bowling Friend day” was a great success we had 14 non-bowling friends participate and more than half their number have since joined as members plus quite a few more “new bowlers” and we are so pleased to see them turning up regularly for a game, their presence has enhanced our club greatly. We also had the In House Carnival and the mixed Ham and Turkey Day and lastly and not least our Christmas Break up and presentation day. Our entertainment was popularly received and for this we thank Di Tracy for organising same.
ASQUITH WOMEN’S BOWLING CLUB OFFICE BEARERS 2014 - 2015
PRESIDENT Janette KACHEL
VICE PRESIDENTS Thelma DARDENGO Paula HAND
SECRETARY Annette WAGSTAFF
TREASURER Carol PATERSON
SELECTION COMMITTEE Janice BENNETT (C) Lena COYNE Narelle CRUMP Marion KHAMIS Joan WILSON
MATCH COMMITTEE Heather DUNLOP (C) Shelley FREIDLANDER Francis MCNICOL
SOCIAL COMMITTEE Josephine TRACY (C) Adrienne HANNAFORD Heather MACDONALD Sandra HAMILTON
DELEGATES Patricia EAGLETON Paula HAND
PUBLICITY OFFICER Beverley DAVIS
WELFARE OFFICER Adrienne HANNAFORD
UNIFORM Christina DAVIS
RAFFLES Cilla DALTON Anne GOSSON
TRADING TABLE Janice BENKE
21956_Asquith Bowling Annual Report 2014.indd 41 22/09/2014 10:32 am
ASQUITH BOWLING & RECREATION CLUB LTD | ABN 81 001 039 74742
This year with championships we have had the Major Pairs, Major Singles, Minor Singles, Club Fours, and coming up the Triples, then Handicap Singles and then the Novice Singles.
Our Carnivals this year have been the Asquith Under 5’s Carnival, the District Gumnut Carnival, and the Asquith Variety 5 Carnival. Great teamwork has made all three of these Carnivals a great success and the committee thanks one and all for all their help.
May I repeat myself and say? What a great pleasure it is to be a member of this club and an honour to be its President, at this point I thank our two Vice Presidents Paula and Thelma for all their help and support over this last twelve months.
There are many thankyous I must make and Secretary Annette must be thanked with great appreciation for the mammoth job she has done this year, Annette gets on with the job very quietly and without much ado and is a great help to this club and I am sure we all thankyou Annette.
We thank Treasurer Carol, another silent hard worker who looks after our finances and many other tasks.
Selectors Jan Bennett, Lena Coyne, Narelle Crump, Marion Khamis and Joan Wilson have done a great job this year with the ones getting to the State playoffs in Pennants. Also for finding enough players to cover all the Pennants sides that were needed to fill the club’s commitment. I might add it was great to see the new idea of a number 5 Pennant team be successful. Thank you ladies for your hard work and early mornings.
We thank Match, Helen, Heather and Lesley for our well run championships and special days. It doesn’t just happen for it all to turn out right, thank you ladies.
More early risers have to be thanked and of course that is our Social Committee, Beryl, Chris, Kay , Lyn, Adrienne and Ann, many, many thanks to you all and thanks to you members who often help clear the tables. Please be aware when help is needed.
Thanks to our Delegates Trish and Paula they keep us informed and attend District Meetings regularly.
Others who need to be thanked are Tina who looks after Uniforms and I especially thank her for the work she has done with Hunters at Castle Hill, re our new Shirts to be designed and ordered, and Marion has helped Tina whilst this has been an ongoing work. Thank you both we appreciate your efforts in this respect.
We also thank Shirley who does Welfare so well. Then there is Jan Benke who looks after our Trading Table and also the Library thank you Jan. Our Raffle ladies need to be thanked also, so thank you Ros and Lorraine many thanks.
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42ND ANNUAL REPORT | For the year ended 30th June 2014 43
The web site that Bev has done for us and also Districts web site, what a great computer whiz Bev is and we all appreciate this fact and say, once again, many thanks.
Our umpires need to be thanked Mollie, Carol, Sue, Tina, Lorraine and Annette your time and efforts are greatly appreciated.
We have wonderful coaches here in Dell, Chris, Pam and Paula who all give unselfishly their time and expertise and they cannot be thanked enough for this generosity on their part.
Sandra flies the flag for us all year and this is appreciated greatly and I have seen Adrienne and Paula do this when Sandra is absent.
If I have left anyone out of this list of appreciation , please do not take it personally you are appreciated it is just a failing on my part.
I would like to thank David Haynes and the Board Directors for their help and generosity to the ladies club in general and also to our Pennant sides and wish them well for the coming year.
To Secretary Manager David George and All club staff, who are ever helpful with all our needs, I thank you wholeheartedly on behalf of all our lady members.
We thank “Wattle-it-be” for the way they look after our catering needs so deliciously.
Good wishes and bowling for next year, I am sure it will be a good one with every member’s support.
Jan Kachel PRESIDENT
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ASQUITH BOWLING & RECREATION CLUB LTD | ABN 81 001 039 74744
MINUTES OF THE FOUTEENTH ANNUAL GENERAL MEETINGASQUITH JUNIOR BOWLING CLUB HELD ON SUNDAY 20th October 2013 At the Club House, 1 Lodge Street, Hornsby.
Meeting Opened: 10.38am Members Present: 8 Life Members, 56 Ordinary Members Apologies: 5 Apologies Chairman: Del Phillipson
Business of the Meeting: 1. To receive the Minutes of 14th Annual General Meeting held on Sunday 14th October 2012. Receive & Confirm Minutes - Moved: J. Kachel (7080) Seconded: J. Wilson (7096) CARRIED Matters Arising from the Minutes: Nil
2. To adopt the Minutes of 14th Annual General Meeting held on Sunday 14th October 2012. Adopt Minutes- Moved: J. Wilson (7096) Seconded: S. Andrew (7099) CARRIED
3. To receive and confirm reports from the Committee as read Receive & Confirm Reports - Moved: R. Davidson (250) Seconded: R. Jacka (177) CARRIED
•ThePresidentreportedonthedifficultpassyear,thedwindlingjuniorbowlingmembersandthereasons that had contributed to the decline.
•TheSecretaryManagerassumedcontrolofthemeetinganddeclaredallcommitteepositionsvacant.
G. Cronan was nominated for President unopposed. J. Cronan was nominated for Secretary unopposed R. Mroczkowski was nominated for committee and appointed unopposed. G. Cronan now took control of the meeting.
•Therewasthenacallfromthefloortofilltheremainingpositions.
G. O’Dwyer(6) was nominated for committee. Seconded by J. Goudie(251) M. Prosper (193) was nominated for committee. Seconded by B. Kiely(210) The remaining position of Vice President will be filled at the new committee’s first meeting.
6. General Business:
G. Cronan thanked Del Phillipson for her past contribution to the Asquith Junior bowling Club.
G. O’Dwyer asked why there was not bowls tournament catering for both senior and junior bowlers combined.
G. Cronan replied that he and his committee were drawing up a 5 year plan for the Asquith Junior Bowling Club and this would be a part of that plan. This plan will be presented before the Board for approval.
There was no more business. Meeting Closed: 10.49am
NOTICE OF ANNUAL GENERAL MEETING
ASQUITH JUNIOR BOWLING CLUB
Notice is hereby given that the 16th Annual General Meeting of Asquith Bowling Junior Club will beheld on Sunday 19th October 2014.At the Club premises: 1 Lodge Street, HornsbyCommencing after the Asquith Bowling & Recreation Club’s AGM.
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42ND ANNUAL REPORT | For the year ended 30th June 2014 45
ASQUITH JUNIOR BOWLING CLUB
OFFICE BEARERS 2013 - 2014
President Greg Cronan Vice President Mark Prosper Secretary Janet Cronan Committee Mel Prosper Gary O’Dwyer Richard Mrozckowski
JUNIOR PRESIDENTS REPORT
The last year has been challenging for the juniors,with a loss of four of our juniors, two who unfortunately have lost interest, and two that have progressed to the senior ranks.
I look at the juniors that we have at the moment, and i am very confident with their results and progress over the last 12 months, at the same time we have signed up two more juniors with great understanding as well as competence in the game.
One of our juniors Thomas Xue represented our zone in all three events in the junior titles, while Louise Cronan is a member of the junior state training squad as well as representing the North Sydney Region CHS fours played in Wagga.
Congratulations also go to Marcel Mroczkowski for winning the club singles and the pairs with Mel Prosper, both these players have now progressed to the senior ranks.
I thank the committee for all their support in the last year, and look forward to the upcoming year.
Greg Cronan PRESIDENT ASQUITH JUNIOR BOWLING CLUB
21956_Asquith Bowling Annual Report 2014.indd 45 22/09/2014 10:32 am
ASQUITH BOWLING & RECREATION CLUB LTD | ABN 81 001 039 74746
Friday NightMembers Badge Draw
2 Draws Friday starting at 6pm1 Draw Sunday starting at 6pm
Jackpots by $100
Super Sunday’s at Asquith
$10 Sirloin Steak
5.30 - 7.00pm
Members Crazy Cash4 Draws from 6.15pm
Seafood Raffle20 Trays drawn at 6.15pm
21956_Asquith Bowling Annual Report 2014.indd 46 22/09/2014 10:32 am